J. L. Bainbridge & Co. Inc. Sells 14,193 Shares of Alphabet Inc. $GOOGL

Key Points

• J. L. Bainbridge & Co. Inc. reduced its Alphabet stake by 5.5% in the first quarter, selling 14,193 shares and leaving it with 245,940 shares worth about $70.7 million.
• Despite the sale, Wall Street sentiment remains broadly positive, with analysts like Bank of America, Wells Fargo, and Jefferies maintaining buy/overweight ratings and an average price target of $413.54.
• Alphabet continues to show strong fundamental performance, recently beating earnings expectations and raising its quarterly dividend, while investors still face regulatory pressure from major antitrust rulings in Europe.

J. L. Bainbridge & Co. Inc. cut its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 245,940 shares of the information services provider's stock after selling 14,193 shares during the quarter. Alphabet comprises 6.3% of J. L. Bainbridge & Co. Inc.'s holdings, making the stock its 4th largest position. J. L. Bainbridge & Co. Inc.'s holdings in Alphabet were worth $70,722,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. EMC Capital Management purchased a new position in shares of Alphabet in the 4th quarter valued at approximately $33,000. Lifetime Wealth Management P.C. purchased a new stake in Alphabet during the 4th quarter worth approximately $32,000. PMV Capital Advisers LLC purchased a new stake in Alphabet during the 4th quarter worth approximately $38,000. IFC & Insurance Marketing Inc. acquired a new position in Alphabet during the 4th quarter valued at approximately $38,000. Finally, Bard Associates Inc. acquired a new position in Alphabet during the 4th quarter valued at approximately $52,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Several recent stories highlight Alphabet’s AI and cloud momentum, including Google Cloud traction with enterprise customers like Jack Henry and growing use of Google’s cloud tech by Italy’s Intesa Sanpaolo, which supports the bull case for future growth. Article Title
• Positive Sentiment: Jim Cramer argued that Alphabet still looks cheap, reinforcing a valuation-supportive narrative for GOOGL after its pullback. Article Title
• Positive Sentiment: Wall Street sentiment remains constructive, with Wells Fargo keeping an overweight rating and multiple analysts maintaining buy recommendations, which may help support the stock. Article Title
• Neutral Sentiment: Alphabet’s insider selling by John Kent Walker appears routine and is not, by itself, a major fundamental concern for investors. Article Title
• Neutral Sentiment: Coverage around Alphabet’s growing role in AI-powered shopping, robotaxis, and other ecosystem developments adds to the long-term story, but these are more thesis-supportive than immediate catalysts. Article Title
• Negative Sentiment: The biggest drag is the EU Supreme Court decision upholding Alphabet’s €4.1 billion Android antitrust fine, which reinforces legal and regulatory overhangs for the stock. Article Title
• Negative Sentiment: A separate Swedish court ruling ordered Alphabet to pay nearly $2 billion in a price-comparison dispute, adding to the sense that antitrust and competition risks remain active. Article Title

Wall Street Analyst Weigh In

Several research firms have recently commented on GOOGL. Bank of America lifted their price objective on shares of Alphabet from $370.00 to $430.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Wells Fargo & Company cut their target price on Alphabet from $435.00 to $416.00 and set an "overweight" rating on the stock in a research report on Thursday. Jefferies Financial Group restated a "buy" rating on shares of Alphabet in a research note on Monday, June 22nd. New Street Research lifted their price target on Alphabet from $450.00 to $455.00 and gave the stock a "buy" rating in a research report on Friday, June 5th. Finally, Rosenblatt Securities reiterated a "neutral" rating and set a $393.00 price target on shares of Alphabet in a research note on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $413.54.

Insider Activity

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $368.63, for a total value of $387,061.50. Following the completion of the transaction, the director directly owned 1,481 shares of the company's stock, valued at approximately $545,941.03. The trade was a 41.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the business's stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 160,465 shares of company stock valued at $8,020,511 over the last 90 days. Company insiders own 11.61% of the company's stock.

Alphabet Price Performance

NASDAQ:GOOGL opened at $359.91 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The company's fifty day moving average price is $371.05 and its 200-day moving average price is $334.41. Alphabet Inc. has a 1-year low of $172.77 and a 1-year high of $408.61. The firm has a market capitalization of $4.36 trillion, a P/E ratio of 27.45, a PEG ratio of 1.54 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.98 billion. As a group, equities research analysts anticipate that Alphabet Inc. will post 14.32 EPS for the current year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were paid a $0.22 dividend. The ex-dividend date was Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet's dividend payout ratio (DPR) is currently 6.71%.

About Alphabet

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google's core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google's consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

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